The IFRS® Foundation has today published new materials to explain how the International Accounting Standards Board (Board) supports companies in their implementation and application of both new and existing IFRS Standards.
In supporting the application of existing Standards, the IFRS Interpretations Committee plays an important role.
In this short video, Vice-Chair of the Board Sue Lloyd—who also chairs the Interpretations Committee—together with committee members John O'Grady and Bertrand Perrin, explains the remit of the IFRS Interpretations Committee and the different ways in which it deals with questions on the application of IFRS Standards.
A new leaflet summarising the wide range of activities undertaken by the Board to support implementation and application of both new and existing Standards has also been published. It can be found here.